Sunday 1 March 2015
 
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residential

Bahrain's residential rental rates stable

The residential market in Bahrain has seen little change in the last quarter of 2014 with a marginal increase of two per cent in prime locations, said a report. Despite a reported slowdown in enquiries from prospective tenants in

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New lifeline for stalled projects in Bahrain

Stalled residential projects that have blighted Bahrain's landscape for years will be given fresh impetus under new government plans. Leading the charge is the multimillion-dinar Villamar development, first announced by the Ku

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Saudi group to pump $196m into Egypt project

Saudi Dar Al-Ma’ali for Development and Real Estate Management has allocated E£1.5 billion ($196.5 million) for the development of a key residential project in Cairo, Egypt, said a report. The Square 2 New Cairo projec

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Sobha to break ground on $4bn residential project

Sobha Group, a leading integrated real estate company with operations in the region, is set to break ground on the first phase of its ambitious signature integrated community in Dubai, UAE in the second quarter of 2015. Located 3 km fro

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Abu Dhabi residential rents on the rise

Average residential rents across Abu Dhabi, UAE, continued to increase during the fourth quarter of 2014, but at a slower pace than at the start of the year with average market rents up by around three per cent quarter-on-quarter, and roughly 17

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Dubai residential property prices 'may fall 10pc'

The prime residential prices in Dubai, UAE, are expected to fall by 5 to 10 per cent and rents by up to five per cent this year amid a steady supply of new housing stocks, said a report. In 2015, the new residential supply in the

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Abu Dhabi residential sales prices to remain stable

The prime average residential sales prices in Abu Dhabi, UAE, are expected to remain stable during 2015 as the demand softens and annual supply gets reduced significantly, said a report. The underlying fundamentals remain strong i

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Saudi residential development on track for completion

The first phase of Ritaj Residential Project, being developed jointly by Blomivest Saudi Arabia and Maskan Arabia Real Estate Development Company in Riyadh, is 95 per cent complete, with delivery scheduled at the end of this month.

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Etihad Rail awards major residential project contract

Etihad Rail, the developer and operator of the UAE’s national railway network, has awarded a major contract to National Transport & Contracting Company (NTCC) for the design and construction of employee residences in the Mirfa area of

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Abyaar's new tower to be ready in Q3 2015

Abyaar Real Estate Development Company said the construction work at its Hilliana Tower project located at the heart of Acacia Avenues in Jumeirah area of Dubai, UAE, is in the final stages and is on track for completion in the third quarter of

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